Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890Jones, John P. (John Percival)
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Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890
Jones, John P. (John Percival)
Silver question -- Speeches in Congress
Finally, the divergence between the clocks went so far that it was noon
by the gold standard when it was only 6 a. m. by the silver standard, so
that those who were guided by the gold standard, not withstanding that
it was yet the gray of the morning, insisted on eating their mid-day
meal, because the gold standard indicated that it must be noon. And when
the sun was high in the heavens, and its light was shining warm and
refulgent on the dusty streets of the village, those who observed the
gold standard had already eaten supper and were preparing for bed.
But this state of things could not last. It was clear that the
difference between the standards must be reconciled, or all industry
would be disarranged and the village ruined.
Discussion was rife among the villagers as to the cause of the
difference. Some said the silver clock had lost time; others that both
clocks had lost time, but the silver clock more than the gold; while
others again asserted that both clocks had gained time, but that the
gold clock had gained more than the silver clock.
While this discussion was at its height a philosopher came along and
observing the excitement on the subject remarked, "By measuring two
things, one against the other, you can never arrive at any determination
as to which has changed. Instead of disputing as to whether one clock
has lost or another gained would it not be well to consult the sun and
the stars and ascertain exactly what has happened."
Some demurred to this because, as they asserted, the gold standard was
unchanging and was always right no matter how much it might seem to be
wrong; others agreed that the philosopher's advice should be taken. Upon
consulting the sun and the stars it was discovered that what had
happened was that both clocks had gained in time but that the gain of
the silver clock had been very slight, while that of the gold clock had
been so great as to disturb all industry and destroy all correct sense
of time.
Notwithstanding this demonstration, there were many who adhered to the
belief that the gold standard was correct and unchanging, and insisted
that what appeared to be its aberrations were not in reality due to any
fault of the gold clock, but to some convulsion of nature by which the
solar system had been disarranged and the planets made to move
irregularly in their orbits.
Public-domain text, read in full here on John Shaqi.
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